5 Coin Weekly Forecast | BTC ETH XRP BNB ADA

2023-09-11, 02:36

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![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
In the past week, the crypto market has experienced a rapid decline after experiencing its previous rapid general rise. The market has been generally rising throughout the day, but the cycle is short, and it quickly fell back within the original price range, showing a volatile trend. Currently, several mainstream coins are still showing a certain downward trend of volatility, but the decline is not significant, and the cycle of short-term volatility may be longer. Presently, the top five cryptocurrencies in the total market cap of the cryptocurrency market are <a href="/pt/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/pt/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Binance (<a href="/pt/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), Ripple (<a href="/pt/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>), and <a href="/pt/price/cardano-ada" target="_blank" class="blog_inner_link">Cardano</a> (ADA).

In the past week, all five major tokens have shown a fluctuating downward trend. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analyses to predict their future short-term price trends.
## Bitcoin（BTC）
Bitcoin fell 0.72% this week and is currently closing at around $25,699.02. Bitcoin has continued its volatile trend since last week, with prices hovering around $26,000. Following last week's forecast, the volatile trend is evident. Although the short-term rise and fall range is not exaggerated, it still provides a lot of profit-seeking space for users in the market.

Currently, $26,000 remains a key price for Bitcoin and has become a current resistance level. The price of Bitcoin is fluctuating back and forth around this point. Without positive external market information, it may be difficult for Bitcoin to recover to its previous position in the short term.

Analysis shows that the current crypto market continues the volatile trend of last weekend, and the slight decline in Bitcoin within a week is relatively obvious. However, the probability of falling below the $25,500 price level is relatively small, a key support level. If it falls below, Bitcoin's downward trend will be more obvious.
![](https://gimg2.gateimg.com/image/article/16943996438791694399494_.pic.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)
## Ethereum（ETH）
Ethereum fell 1.59% this week and closed around $1,611.61 this week. Within this week, the short-term rise and fall of Ethereum were significant, with a high breaking through the key resistance level of $1,650, while the support level of $1,600 remained unchanged.

The current median price of Ethereum is $1,637, which is in line with the rapidly rising price range of $1,620-$1,640 last week. The fluctuation trend is still obvious, and the downward trend is slightly obvious. Currently, the probability of falling below $1,600 is not small.

Analysis shows that Ethereum is currently in a volatile trend, and due to its relatively high liquidity, the fluctuation range of Ethereum is relatively larger. However, its overall situation is relatively in line with the current market environment, and high-frequency fluctuations in prices within a small range are still a likely trend.
![](https://gimg2.gateimg.com/image/article/16943996658801694399511_.pic.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)
## Binance（BNB）
BNB fell 1.06% this week and closed at $211.95, with little change compared to last week's closing price. However, compared to the price rebound this week, the decline was more severe.

Analysis suggests that the crypto market is currently in a period of volatility and the downward trend is relatively obvious. As a utility token, BNB can truly reflect the overall trend of the crypto market soon. The current price of BNB is not significantly lower than the previous weekend. It has not yet fallen below $210, and if there is significant market volatility, the price is likely to reach around $200.
![](https://gimg2.gateimg.com/image/article/16943996898811694399523_.pic.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)
## Ripple（XRP）
XRP fell 1.93% this week to close at $0.4966. After continuous declines, the price of XRP has finally fallen below $0.5 this week and has fallen multiple times. With the impact of short-term fluctuations, the downward volatility of XRP is likely to reach the resistance level of $0.48.

Analysis suggests that although XRP often fell in the early weeks, it has repeatedly fallen below $0.5 for the first time this week, indicating that the bearish trend of the token is further evident. However, fortunately, the actual price decline is not significant, but based on the current trend, the profit-chasing space for short selling will be greater.
![](https://gimg2.gateimg.com/image/article/16943997078821694399539_.pic.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)
## Cardano（ADA）
The ADA fell 3.17% this week to close at $0.2473. After the overall rise of the crypto market last week, the upward volatility of the coin continued until Thursday, dropping from the $0.26 range to below $0.25. Currently, the trend of volatility is obvious.

Analysis suggests that the performance of ADA reflects the lagging nature of its price fluctuations. Although it is a robust investment project, the impact of overall market trends will indeed come. Compared to mainstream tokens such as Bitcoin, the trend of ADA is only a few days behind.

In the future, as the market continues to fluctuate and decline, the price of ADA will face a key support level of $0.24. Currently, the decline is still within a small range.
![](https://gimg2.gateimg.com/image/article/16943997588831694399555_.pic.jpg)
ADA Price Data (Data Courtesy of CoinMarketCap)
## What is to come?
Compared to last week, the price performance of BTC, ETH, BNB, XRP, and ADA this week is in a volatile downward trend. This is due to the recent self-regulating cycle of the crypto market, which lacks positive news and poor liquidity. It will likely be difficult for mainstream token prices to recover within the next week.

<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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